Questions from Managerial Accounting

Q: What is the interpretation of the direct-labor rate variance?

What is the interpretation of the direct-labor rate variance? What are some possible causes?

Q: Discuss several ways in which standard-costing systems should be adapted

Discuss several ways in which standard-costing systems should be adapted in today’s manufacturing environment.

Q: Describe how standard costs are used for product costing.

Describe how standard costs are used for product costing.

Q: List six advantages of a standard-costing system.

List six advantages of a standard-costing system.

Q: Cerritos Circuitry manufactures electrical instruments for a variety of purposes. The

Cerritos Circuitry manufactures electrical instruments for a variety of purposes. The following costs related to maintaining product quality were incurred in May. Training of quality-control inspector...

Q: Your next-door neighbor recently began a new job as assistant

Your next-door neighbor recently began a new job as assistant controller for Conundrum Corporation. As her first assignment, she prepared a performance report for March. She was scheduled to present t...

Q: Colonial Cookies, Inc., bakes cookies for retail stores. The

Colonial Cookies, Inc., bakes cookies for retail stores. The company’s best-selling cookie is chocolate nut supreme which is marketed as a gourmet cookie and regularly sells for $8.0...

Q: The following data pertain to Alexis Electronics for the month of April

The following data pertain to Alexis Electronics for the month of April. Static Budget Actual Required: Compute the sales-price and sales-volume variances for April.

Q: The following data are the actual results for Marvelous Marshmallow Company for

The following data are the actual results for Marvelous Marshmallow Company for August. Actual output ..............................................................13,500 cases Actual variable overhea...

Q: Mankato Control Company, which manufactures electrical switches, uses a standard

Mankato Control Company, which manufactures electrical switches, uses a standard-costing system. The standard production overhead costs per switch are based on direct-labor hours and are as follows: V...